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20110731
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today, it's about politics, too. at issue, whether big spending cuts should be locked in before the government is allowed to borrow more money to pay it bills. president obama held his second news conference in a week tells you the biggest headline. there is no deal. so the politicians from the president on down are trying to prove they're the one most looking out for you. >> it would be very helpful for us to be able to say to the american people our fiscal house is in order. >> the president wassed a today month that it's impossible to get a deal unless and until the republicans agree to raise some taxes. in turn, republicans say that before he spends anymore time lecturing them, she stop giving press conferences and put his proposals down on paper. but in the hunt for specifics, it is crystal clear the president is not ready to take the lead. >> if they show me a serious plan, i'm ready to move. even if it requires some tough decisions on my part. >> a lot of questions tonight about where this is heading and how it will impact you. the president's initial deadline, tonight, w
in it that's pretty -- it's sort of outlined but not detailed in legislation and has a big, big dollar figure around it. so, sort of the big plan. passing that along with a debt ceiling as sort of a big theory option instead of this mcconnell/reid plan, but it's so vague, as you can tell, and nothing that i have as any sort of firm plan, just, like, something that's sort of out there in the ether, they just don't have a plan at this point, no one does, john. >> it sounds like, and some people at home are saying, my god, there they go into washington speak again. i'll try to simply phi it. they are trying to fit certain pieces together to get you to several trillion in deficit reduction and that seems to be where we are, a bunch ideas. i'll go over to the wall a little bit, because jess talks about the mcconnell plan, that would give the president the authority to raise the debt ceiling and maybe they would come up with a commission with spending cuts. that's one backup plan. another backup plan is the gang of six. and i want to bring up the gang of six yesterday we talked about that. they hav
no choice but to default on some big bills, the ceo of walmart told congress today the squabbling here in washington could have a huge negative impact nationwide on an all fragile recovery. >> a default and the ripple effect i think would be impactful and representing our consumers, we think that that would be very, very difficult for the american economy to withstand at this point in time in our history. >> that's here at home. >>> then there are global worries. concerns that a default or even a close call here could rattle international markets and international economies like that domino effect back after the big wall street meltdown a few years ago. >> the united states is the largest economy in the world, one that matters, one that has spillover effects, not just around the borders, but on a complete basis, globally. >> so, the stakes, they're obvious. the path to the solution, however, not nearly as clear. >> is it today, is it tomorrow, is it friday? magic things can happen here in congress in a very short period of time under the right circumstances. >> now, by "right circumsta
operational. john. >> chris, in the pass largely the cia gets caught up in this big debate about how to interrogate what to do. >> they say it's tough. anytime they operate outside of iraq and afghanistan in battlefields it becomes murkier. they say they're faced with the question of can he go back to the u.s. and be tried? that has to go through several agencies. can he have a third-party that take him when neither of the two are available, they would be forced to let someone go. >> the obama administration's treatment of the somali terrorist suspect isn't sitting well with lawmakers on capitol hill. among them lindsey graham of south carolina. >> we learned this morning that a gentleman was taken into custody, kept on a u.s. ship and he's now in custody. >> the last thing i'm worried about is prosecuting enemy fighters. i want to find out what they know about the enemy, what intelligence value do they have to the united states. having people on ships has never been used in warfare before in terms of prisons. he should have been sent to guantanamo bay and held as an enemy combatant
to engage in serious negotiations. >> so, now what is the big question? speaker boehner will rebut the president just about 14 minutes from now. we'll take you there live. in his letter to his colleagues, he said his preference now is to work on a plan in the congress. but the president expects the house and the senate leaders of both parties at the white house saturday morning. is this just theater before a deal or a recipe for gridlock and maybe an economy shattering government default? chief white house correspondent jessi jessica yellin, and kate bolduan, and gloria borger here, jess, the speaker doesn't want to negotiate anymore, and this is not a president known for his anger or his temper, but he seemed pretty piqued. >> reporter: this was the president hitting by far his most frustrated, fed-up note during the debt negotiations by far, john. we heard him say that the republicans just don't know how to say yes. that he offered the most generous package he could. in short he said that he offered them a deal that democrats just didn't like. he was basically saying he was enrag
that and in exchange for some minor tweaking of medicare, but nothing that really gives the republicans too big a win on that issue. and they would also argue, to gloria's point earlier, that you actually need this. this is not just a win for democrats, you need it because you need democratic votes to get this through because you're going to lose so many republicans who simply won't vote to extend the debt ceiling under any circumstances. so that's the calculus if you went with the middle deal, there would be an entirely different math for a tax reform package if you went with that larger deal that's more in the $4 trillion range. >> the irony here to me is that a larger deal would in many ways be easier to cut because it's so obvious what you would have to do. if you do a smaller deal, then you have to have eric cantor lay out by piece by piece by piece, cut by cut, by cut, what he would do if you don't have the revenue side of it. >> but to get the bigger deal, you need trust that they would actually then do comprehensive tax reform, rewrite the code so the republicans would make the case we didn't
with the details. the president is talking and they are hoping for a big grand bargain. what is your sense? >> reporter: well, they have to get one done. so it's sort of the opposite of a cliff hanger. we know how it will end. the question is how do they get there from here? the big question first of all that i can report is that the president told congressional leaders that under no terms will he sign a short-term deal. he is not going to accept anything other than something that raises the debt ceiling through 2012 and that is flat out a promise. he was unequivocal. beyond that, the question over the next few days is, how do they get to this negotiation and all eyes are on john boehner, speaker boehner is the man who has to explain to them where he can get the votes, what it would take for them to deliver. and they are really looking to him. all the negotiators, to explain what the deal would look like for them to get on board with that. >> let's look at the tough choices that they have to make. if you have a grand deal, you have to have a number of things. maybe social security means if
tennessee. can they sell it to the house republicans? >> that's a big question. i think what we saw today both from president obama and someone like lamar alexander is this isolation that going on of the house republicans, saying, look, the gang of six got a deal, that's why president obama went out this to say it. mitch mcconnell's got a backup plan. john boehner and i were kind of working together and, well, who's out of that picture? the house republicans. and the polls are increasingly showing that the house republican point of view is not popular with the american public. i mean, there's a "washington post" out -- poll out tonight that says that more than three-quarters of americans see the republican leadership as being too resistant. >> however, however, let's listen as we go back to kate bolduan on the hill, the democrats are reading the polls. the democratic leadership going to the floor essentially saying, republicans, why are you wasting our time? >> the public has had it with this theater of the absurd that's going on. they want congress to come together as our president has s
news for the administration. here is the big question, where are the jobs? you see jobs started to go up in a better rate, but the last two months, very bleak. consider this, even if the economy added 125,000 jobs a month, 125,000 jobs a month, between now and the election next year, that would keep the unemployment rate flat lined, right around 9.2%. the president, if he wants the rate to go down needs dramatic improvement in the jobs climate and need it is quickly. one more here, pretty sobering if you look at it the government 14.1le million unemployed, half of them long term. add in those underemployed, people who can only find a part-time job, about 22.7 million people hurt and hurt badly by this economy. let's dig deeper, chief white house correspondent jessica yellin and in new york where traders on wall street literally gasped when the report was released. jess, to you first, hard enough for the president, facing re-election, the unemployment rate is stubborn in the middle of this, trying to get a deficit reduction deal. you have reaction to the jobs report, release this, this
decisions. >> is that right? is the endgame here just another decision to push big problems down the road? let's begin there with fareed zakaria. you would think the possibility that the united states would default on its obligations for the first time in history you would think would bring a grown-up conversation to washington, it would be that. but? >> it's truly bizarre, john, because what it seems that republicans are not focussing on is the fact that were the united states to default, were there to be a danger it would default, america's interests costs would go up dramatically. if we were to, say, have a 1% rise in our borrowing costs, that markets got scared that we were not going to make good on our payments and our borrowing costs went up 1%, that's $150 billion more that we have to spend every year on our interest payments on our debt. and this is very important. if we do this for a week or two and still resolve things once markets get scared, it takes a long time for those interest rates to come down. just look at any case in history where there has been a default. once you hav
said it was going to -- said it was going to. here's why it's such a big problem. because of speaker boehner, he said there's one major principle, you'll remember, jessica, as they moved forward to raise the debt ceiling, that the amount of the cuts be greater than the amount they raised the debt ceiling. and in this legislation right now is called for raising the debt ceiling by $900 billion, $850 billion, is less than $900 billion, so know that's a problem. policy aides are scrambling to try to rewrite the legislation to make their way forward. we know they're aiming for a vote tomorrow, but we don't know if they can promise it quite yet. we got a speaker from speaker boehner's spokesman, this coming from michael steele, in response, in reaction to the cbo, michael steele said we're here to change washington, no more spoke and mirrors or phantom cuts. we promised we'd cut more than the debt ceiling. as we speak, congressional, are looking at options to rewrite the legislation to meet our pledge. this is what can happen when you have an actual plan and submit all it really seemed to
house republicans. but there's a big problem. neither of those plans may be able to get through congress and the clock is ticking. cnn congressional correspondent kate boulwan joins us now. let's start in the house where speaker john boehner has laid out his version of the republican solution. spell it out for us. >> reporter: a lot of details to it, jessica, but what it really comes down to is the length of the increase, if you will. house speaker john boehner is calling for two votes in order to raise the debt ceiling. first, a vote that would come with $1.2 trillion in spending cuts to get the country through early next year and another vote would be required that would get the to 2013. but only if, and this is the important part, if congress would approve the spending cuts attached to that, or the deficit reduction measures attached to that that would come from a newly created committee, and that of course is the big hangup with democrats. they are very much opposed to having to vote for a second time to raise the debt ceiling. they say it risks us returning to exactly where we are t
failed to make its case. >> the prosecution did not prove their case. the big question that was not answered, how did caylee die? i think there was probably a lot of discussion of it being a horrific accident that dad and casey covered up. unfortunately, it did snowball and got away from them. >> jeff toobin, we've had this conversation before in high profile cases. does sunny have a point? one big trial i covered was the von bullough count. they tried to get seven counts. should they have taken one or two counts that they thought they had a stronger case on and focus there? >> it's not the number of counts, john. it's the death penalty. this was from the start not a case that cried out for the death penalty. there was so many holes in the evidence. where did she die? how did she die? what day did she die? none of this the prosecution knew. there were no eyewitnesses to the murder, as sunny said, the issue of motive was murky. in a lot of all that, some sort of accidental homicide would seem to have been a much more plausible theory. interestingly the alternate juror we
! ♪ h-o-t-w-i-r-e... ♪ hotwire.com >>> no progress reported tonight on the big deficit reduction talks at the white house. with that, this warning tonight from moody's investor service. the federal government could lose its top of the line credit rating if the white house and congress can't agree on a plan to increase the nation's debt ceiling, meaning allow washington to borrow more money to help pay its bills. that warning came just a few hours after this sober math lesson from the fed chairman ben bernanke. since the government borrows 40 cents of every dollar it spends, a fall you'ilure to increase washington's credit limit would require a 40% cutback in spending. >> significant cuts in social security, medicare, military pay, or some combination of those in order to avoid borrowing more money. >> now that sounds ominous, but some conservatives think the catastrophe scenarios are exaggerated. >> if congress fails to raise the debt ceiling by $2.5 trillion, that somehow the united states will go into default, and we will lose the full faith and credit of the united states. that is s
has to go that, would have a big devastating impact on assad. there is a sense in washington that not only is assad not going to reform, but the opposition is toughening up. yes, it's not united, but is persistent as every friday. soon not far away in august comes ramadan. during ramadan in august, every day is a friday. >> i realize these sort of repeated warnings from the u.s. give heart to the protestors, send signals to our allies in the region. i wonder if there is any down side to repeated warnings that don't have an "or else" to them. >> that is an interesting question. my sense of what's been reported out of the state department, they are reluctant to get specific to say assad must go because they do not think they have the capacity to get him out of there. they don't want the united states looking like a paper tiger with regard to syria. we had enough problems trying to get gadhafi to go. right now i think the united states is in a waiting game, trying to toughen sanctions, harden up the rhetoric, seeing if others will join and recognizing these protestors are not go
tonight, the house speaker john boehner i'm told is telling president obama he's open to discussing a big deficit reduction package, somewhere in the ballpark of $3 trillion over ten years. but first, though, speaker boehner said it's imperative that his members telling him the senate vote first on the house plan, cut, cap, and balance, if it fail fails, then look for th negotiations to continue. >>> key elements of the republican establishment are trying to nudge the hard line conservatives to a compromise. defaulting on our debt is not an option. it has real, immediate, and potentially catastrophic consequences. the ratings agency standard and poor's sent a team to capitol hill saying not raising the debt ceiling would stain america's credit rating and drive up interest costs for everyone. many house conservatives, though, aren't ready to give up and some of them won't budge. they say if there's any new taxes in this deal at the end, they would rather have the first default in american history. >>> in our new cnn/orc poll gives us a fresh sense of what you think. 34% of americans say an
the c. and he appeared to be picking up the votes. lesson to shawn duffy. >> is this as big as we wanted to go? heck, no. we wanted to go bigger. we ran on going bigger. but this is the only proposal on the table that accomplishes the goals that we set out to do. >> progress but apparently and this is why we have such a drama unfolding on capitol hill, not enough progress. the speaker is still short the votes. he's delayed the key vote, a key vote to not only if you are sitting at home, maybe you think the debt ceiling should be raised, maybe you should, it's a fundamentally important political showdown, some people think the speaker's hold on his job could be in jeopardy if he loses this vote. let's go to kate bolduan, do they believe they can twist enough arms to get enough votes to pass this tonight? >> reporter: fabulous question this evening and one that is very hard to answer at this moment. i can tell you, let me just give you the lay of the land what you can probably see a little bit of, john, you were talking about the speaker's office, it's right down the hallway, what we're se
't be a big deal. i'll give you a few seconds to look them in the eye and say, you're wrong. >> yeah, i think you're wrong. now, of course, i don't know for sure. this is unprecedented but there is a $23 billion social security payment due on august 3rd that is not at all clear that there will be enough cash in the treasury to make that payment. so i think david is right. why would you want to take that chance? tp doesn't make sense. not for the social security recipients or for the economy or entire global financial system. >> david walker, the president meets with speaker boehner over the weekend and they are clearly not making any tangible progress. the house will go forward this week and senate will most likely vote on a balanced budget amendment and some other things that simply, to be honest, can't pass or even if they did pass the president would veto. they will move to the mcconnell plan and convince the republicans that they have your vote. do those votes undermine confidence in the market in a deal that might be reached? >> well, i think the markets know that those are not going to
. the big question is and the most important question is what does he want to do? if and when, again, he walks out a free man out of court here in manhattan the next few days, will he want to come back into french politics? and if he does, in what position would that be? will he choose to run for president or will he choose to be kind of the elder statesman if you like in french politics? and that first as an adviser to whoever would be the socialist candidate and then perhaps become prime minister of something. as you see, what is interesting about these polls and has been few of them, two or three, is that french people are very ambivalent about it, about half of them wish him to come back. half of them are not so sure about it. >> right. they're split down the middle pretty much. but let me ask you about this other woman. why -- i'm sure people who haven't followed this case as closely as some of us have, why is she coming out now? some people might think this is opportunistic because she didn't speak out at the time the alleged attempted rape took place in '03. >> it is a very comple
. but i don't think anyone should be surprised. and they won pretty big. the question is, where l they compromise going forward. i had two republicans saying they don't want to vote for anything in the end that doesn't want to have a pass the balanced budget. to get the debt ceiling, you have to pass a balanced budget. this is too important of an issue. >> they want to vote on an amendment. and we need to have that and give them an opportunity to vote on a balanced budget amendment. and the reid cut does not -- there is more of a commitment to spending in the near term and a path way to get a retitlement with triggers to force action to get addition@savings. those are two things that have to be in there. and it's going to be fortunate get republican spoort. >> one of the political arguments and the arguments for anyone at home f you get a deal in the end there is talk that the ratings agencies will downgrade the credit rating because it's to messy. i want you to listen to the president. if you have a conservative, you don't want taxes as part of the deal. if the credit rating gets
Search Results 0 to 19 of about 20